Renault reinforces its partnership with Whylot by taking 21% stake

  • Renault is taking a 21% minority stake in Whylot, a technology company specialising in innovative electric motors. 
  • This investment strengthens the existing collaboration between the two companies to develop and industrialize an innovative axial-flow automotive e-motor, a breakthrough technology for electrified applications

Renault announces that it acquired a 21% minority stake in Whylot, a company based in the Lot region of France that has developed a unique technology in the promising sector of innovative electric motors. This acquisition of a stake in the French start-up reinforces the existing strategic partnership between the two companies.

Announced in June 2021, Renault has previously signed a partnership with Whylot to develop and industrialize on a large scale an innovative axial flow automotive e-motor. This technology will be applied to electrified and electric powertrains, with the objective in particular in hybrid powertrains of reducing costs while saving CO2 emissions of 2.5 g/km of CO2 according to the WLTP standard (for passenger cars in segments B/C). Renault will be the first mainstream manufacturer to produce an axial-flow electric motor on a large scale from 2025.

We are delighted to take a further step in our relationship with Whylot, a promising start-up specialising in the design and development of high-tech electric motors. This partnership, coupled with an equity investment in the company, is a further demonstration of our commitment to our French roots and to the Renault industrial anchorage in France, with the aim of producing popular, affordable and profitable electric and electrified cars, says Philippe Brunet, Director of Powertrain and Electric Vehicles, Alliance.

Source: https://en.media.renaultgroup.com/

Related presentations

Cet article vous a plu ?

Partagez-le sur vos réseaux sociaux

Teardown_track_automotive